Capital Square 1031 Acquires Tampa Property At 4910 Savarese Cir For $7.07M With Buyer’s Rep Matthew Bear
4910 Savarese Cir, Tampa, FL, 33634
$7,070,000
$99/SF
Building Size
71,150 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
This transaction involves a property located at 4910 Savarese Cir, Tampa, FL, 33634, with a total square footage of 71,150. The property was sold for $7,070,000.00 in the Tampa market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $7,070,000.00
- Address: 4910 Savarese Cir, Tampa, FL, 33634
- Market: Tampa
- Buyer: Capital Square 1031
- Buyer's Representative: Matthew Bear (Bear Real Estate Advisors LLC)
Matthew Bear from Bear Real Estate Advisors LLC represented the buyer, Capital Square 1031, in this transaction. The sale involved a significant investment in a commercial property within the Tampa market, reflecting the ongoing interest in property assets in the area.
On the Map
$7,070,000
$99/SF
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Players
Tampa CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.24%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93